Cyprus’s annual inflation rate jumped to an estimated 5.2% in August 2026, up from 4.4% in July, according to preliminary figures released by Eurostat on Tuesday. Prices rose 1.5% on a monthly basis.
Cyprus recorded the second-highest inflation rate in the eurozone, behind only Lithuania, where the rate stood at 5.8%.
The figures point to a sharp acceleration in price rises in Cyprus over recent months. Inflation stood at zero in August 2025, then climbed to 1.5% in March 2026, before rising further to 3% in April, 3.5% in May and 4.1% in June. It then strengthened to 4.4% in July, before reaching 5.2% in August, a rise of 0.8 percentage points in a single month.
Across the eurozone as a whole, annual inflation is estimated to have reached 3.3% in August, up from 2.9% in July.
Energy was the main driver of inflationary pressure, with annual price growth in that category estimated at 14.3%, up from 10.3% the previous month. Services followed, with annual inflation of 3%, down from 3.3% in July, while non-energy industrial goods rose 1.2%, up from 0.9%.
Prices in the food, alcohol and tobacco category rose 1.2% year-on-year, unchanged from July’s rate.
